Sat.Jan 29, 2022 - Fri.Feb 04, 2022

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Evolution of the Sales Tax Audit: Have Audits Changed with Economic Nexus?

TaxConnex

Sales tax has evolved a lot in recent years. So has the sales tax audit. Examiners can still show up and go over your books in person, and tax agencies will still send audit notices via snail mail. And why not? According to the Tax Policy Center, money collected from sales tax can be the leading source for many jurisdictions, constituting 25% to 35% of a state’s revenue.

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How to Lower Your Investment Risk in a Startup

BurklandAssociates

1. Who is the Startup’s Banking Partner? A startup should have a business account with a bank that specializes in startups. Startup Banking Dos & Don’ts Open a bank account Read More. The post How to Lower Your Investment Risk in a Startup appeared first on Burkland.

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12 Tax Deductions for the Self-Employed

CPA Practice

Thanks to the many tax deductions available to small businesses, self-employed taxpayers have a lot of business income-boosting opportunities to consider.

Tax 76
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5 FAQ When Choosing a Los Angeles CPA or EA

MyIRSRelief

One of the most important aspects of a company to the owner or operator is the financial side. It is very important to know the financial condition of your business. For most businesses, this falls on the Accounting department. For smaller businesses, where there is not an option, a CPA or EA firm may be a better choice. A CPA or Certified Public Accountant, or EA Enrolled Agent is a specially trained professional who knows all of the necessary rules and regulations regarding business finances.

CPA 130
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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Online Ads: Who Taxes Them and Who Doesn't?

TaxConnex

One of the next big trends in sales tax is one you should start thinking about: states taxing digital advertising. Right now, a little more than two-thirds of states with a sales tax impose a tax on the sale of such digital goods as videos and music. In an ever-increasing expansion of the tax base, last year Maryland lawmakers overrode a gubernatorial veto and greenlighted a digital advertising tax, the first of its kind in the nation.

Maryland 244
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How To Connect Dear Inventory to Power BI Desktop

Acterys

DEAR Inventory is an incredible order and inventory management platform designed to provide complete back-end management solutions for small and medium-sized businesses, especially manufacturers and ecommerce retailers and wholesalers. It helps businesses build automated processes to manage inventory and orders, provides modules for accurate accounting and reporting, and ensures greater productivity and smarter decisions through near real-time data for sales, inventory, and finance.

NetSuite 130

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Restauranteur’s Guide to ERC Eligibility

Withum

Major government programs like the Paycheck Protection Program (PPP) and the Restaurant Revitalization Fund (RRF) are no longer open for business. Yet one government program – the Employee Retention Credit (ERC) – is still available to restaurant owners who are looking to cash in on tens if not hundreds of thousands (or even millions) of dollars in tax refunds.

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How to Support Prospective CPAs at Your Firm

Accounting Web

Team How to Support Prospective CPAs at Your Firm.

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5 Time Management Tips to Stay Sane During Busy Season

CPA Practice

Pairing constantly changing tax laws with the stress of an increased workload can negatively affect your concentration and effectiveness. In fact, studies show that it can take more than twenty minutes to get back on task after an interruption.

Tax 102
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Tax Changes for Payment Apps: What Small Business Owners Need to Know

xendoo

New Year, New Tax Requirements. Do you use apps like Zelle, Venmo, and Cash App to accept payments from customers? How are you reporting those earnings? In the past, although all business owners were required to report their earnings on their Federal Tax Returns , only those who received payments of $20,000 or more through payment apps also reported their earnings using Form 1099-K.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Microsoft CSP Changes – What to Know and How to Handle

Withum

What to Know About Office 365 Price Increases, Licensing Commitments and How to Lock in Your Current Price. Microsoft announced a few months ago that they have re-imagined the way organizations will transact and subscribe to its fast-growing cloud solutions. This latest initiative is known as the New Commerce Experience , aka NCE. Microsoft’s goal is to provide more flexibility with monthly or annual terms to procure software subscriptions to meet the needs of today’s changing business.

Start-ups 103
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Women Need to Rise as CPA Firm Partners

Accounting Web

Growth Women Need to Rise as CPA Firm Partners.

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Voting Opens for 2022 CPA Practice Advisor Readers' Choice Awards

CPA Practice

The Readers' Choice Awards give our readers the opportunity to spotlight the technologies they most rely on and trust to manage their firms, provide client services, and help those clients run their businesses.

CPA 99
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The Essential Small Business Accounting Services’ Guide to QuickBooks

IgniteSpot

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Sareena Sawhney Appointed Vice Chair of the D&O, E&O Committee for the Professional Liability Defense Federation (PLDF)

Withum

Withum is proud to announce that Sareena Sawhney , Principal in the Forensic and Valuation Services group, has been appointed Vice Chair of the Directors & Officers (D&O) and Trustee Errors & Omissions (E&O) Committee for the Professional Liability Defense Federation (PLDF) Organization. At the PLDF, Sareena will assist in serving as an advocate for the committee and help in attracting new members to the committee.

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The Changing Face of the CPA Profession

Accounting Web

Team The Changing Face of the CPA Profession.

CPA 103
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Marketing for accounting firms: individuals vs. small businesses

ThomsonReuters

With more than 144.3 million individual taxpayers and 31.7 million small businesses in the U.S., the potential market available to tax and accounting firms is massive. However, finding individual and small business clients is more challenging, particularly for those just starting out. Here are a few ways you can market your firm’s services to individuals and small businesses.

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The Top 11 Ways to Avoid an IRS Audit at Your Small Business

IgniteSpot

Small-business owners are deeply involved in daily operations, including customer service, innovation, new client acquisition hiring, and, yes, making money. But tax time throws a wrench into their entire workflow.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Martini Partners Joins Its Practice with Withum

Withum

Martini Partners, LLC , a public accounting firm headquartered in Encino, CA, joined its practice with Withum, a nationally recognized CPA and advisory firm with 18 offices and annual revenue of $360M, ranking in the top 25 firms in the country. Steve Martini , Founding Partner, Kevin Holmes , Assurance Practice Leader, Christopher Passmore , Managing Partner of Martini Partners, and 50 additional team members will be added to the Withum roster and remain at their current location.

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How to Close a Business with Negative Equity

Accounting Web

Clients How to Close a Business with Negative Equity.

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New WCO product classifications are here. Are companies ready?

ThomsonReuters

The latest disruption hitting corporate trade and supply chain teams comes barely on schedule from the World Customs Organization (WCO) — and has created headaches for all companies engaged in international trade. The WCO updates the Harmonized Commodity Description and Coding System, commonly known as the Harmonized System (HS) , every five years.

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IRS to Start Requiring Facial Recognition for Tax Transcripts and Payments

CPA Practice

That verification requirement will soon be required for all taxpayers to view other personal tax documents on the IRS website. Although ID.me is widely-used, including by other government entities, and is generally considered secure, the thought of.

Tax 89
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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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More Opinions about Last Year’s Market Performance

Withum

Last week I presented some opinions about last year’s market performance. Here are some more comments where I use illustrations from three articles that appeared in Barron’s. I read Barron’s weekly, enjoy reading it and find valuable news and information in it and highly recommend it to anyone interested in keeping up with what is going on in the stock and bond markets.

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Paperwork Requirements for Section 1244 Shares

Accounting Web

Tax Paperwork Requirements for Section 1244 Shares.

Tax 91
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How procurement and supply chains drive corporate ESG objectives

ThomsonReuters

Supply chain sourcing and management strategies are taking center stage as corporate stakeholders — including customers, employees, investors, and government regulators — push companies with global supply chains to make progress on their global Environmental, Social and Governance (ESG) commitments. Reuters Events and Thomson Reuters ONESOURCE explored the pivotal role of procurement and supply chain professionals during the recent virtual event, “ Powering Your ESG Strategy through Sourcing an

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What’s the Cost of Payroll?

Patriot Software

If you have employees, you need a reputable system for processing payroll, withholding taxes, and maintaining accurate records. There are a few ways you can run payroll, and each comes with its own price tag. So, what’s the cost of payroll? Payroll pricing varies from a few dollars to thousands per month. Read on for […] READ MORE.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Protecting Yourself from the Worst Happening to You Financial Program

Withum

Protecting Yourself from the worst that could happen to your finances is the subject of my 42nd annual financial program that I am presenting on Sunday at 10:00. Bad things can happen to your money, investments and financial security. Some by neglect, misjudgment, inattention or inaction and some by theft and cyber scams. Some by dishonest advisors and people who are supposed to be trusted, or by hyperinflation, government intervention in personal financial activities, unfair abruptly changing t

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The Remote Workplace is the Place to Be

AccountingDepartment

Companies offering remote work over the last two years have become much more of common practice across many industries, and it continues to grow.

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IRS Issues 2021 Versions of Publications 502 and 503 for Medical and Dependent Care Expenses

ThomsonReuters

IRS Publication 502 (Medical and Dental Expenses (for 2021 Returns)); IRS Publication 503 (Child and Dependent Care Expenses (for 2021 Returns)). Publication 502. Publication 503. The IRS has released updated versions of Publications 502 and 503 for the 2021 tax year. Publication 502 describes the medical expenses that are deductible by taxpayers on their 2021 federal income tax returns.

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Skagit County Businesses: Here’s How to Deal with Negative Reviews

SkagitCountyTaxServices

With all of the extra year-end bookkeeping and tax matters your business is trying to tackle right now, a social media storm is the last thing you need/want to deal with. But it’s sadly the sort of thing that will not go away by itself. And how to deal with negative reviews is something Skagit County business owners like you need to be thinking about.

CPA 86
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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.